Research Methodology – Patient Monitoring Market
At Straits Research, we adopt a rigorous 360° research approach that integrates both primary and secondary research methodologies. This ensures accuracy, reliability, and actionable insights for stakeholders. Our methodology for the Patient Monitoring Market comprises the following key stages:
Market Indicator & Macro-Factor Analysis
Our baseline thesis for the Patient Monitoring Market is developed by integrating key market indicators and macroeconomic variables. These include:
1 Factors considered while calculating market size and share
- Number of existing patients requiring monitoring
- The prevalence and incidence of health conditions requiring patient monitoring
- Healthcare spending of a country
- Advancements in monitoring technology
- Regulatory considerations
- Competitor offerings and market presence
- Price of monitoring devices and services
- The acceptance and willingness of patients to use monitoring devices
- Investments in healthcare infrastructure
2 Key Market Indicators
- Growth in number of hospitals and clinics
- The extent of digital penetration in healthcare
- Budget allocations towards healthcare by public and private sectors
- Rate of adoption of patient monitoring devices
- Frequency of technological advancements in patient monitoring
- Healthcare policies favoring patient monitoring devices
- Aging population statistics
- Increasing prevalence of chronic diseases
3 Growth Trends
- Growth in telehealth and remote patient monitoring
- Adoption of Artificial Intelligence (AI) in patient monitoring
- Integration of patient monitoring devices with smartphones and other devices
- Rising demand for wearable patient monitoring devices
- Increased demand due to COVID-19 induced healthcare needs
- Increased investments in research and development of advanced patient monitoring systems
Secondary Research
Our secondary research forms the foundation of market understanding and scope definition. We collect and analyze information from multiple reliable sources to map the overall ecosystem of the Patient Monitoring Market. Key inputs include:
- Annual reports, investor presentations, SEC filings
- Company press releases and product launch announcements
- Public executive interviews and earnings calls
- Strategy briefings and M&A updates
- Country-level industry associations and trade bodies
- Government dossiers, policy frameworks, and official releases
- Whitepapers, working papers, and public R&D initiatives
- Relevant Associations for the Patient Monitoring Market
- Broker reports and financial analyst coverage
- Paid databases (Hoovers, Factiva, Refinitiv, Reuters, Statista, etc.)
- Import/export trade data and tariff databases
- Sector-specific journals, magazines, and news portals
- Global macroeconomic indicators and their cascading effect on the industry
- Demand–supply outlook and value chain analysis
- Consumer behaviour, adoption rates, and commercialization trends
Primary Research
To validate and enrich our secondary findings, we conduct extensive primary research with industry stakeholders across the value chain. This ensures we capture both qualitative insights and quantitative validation. Our primary research includes:
- Key Opinion Leader (KOL) Engagements
- Structured interviews with executives, product managers, and domain experts
- Paid and barter-based interviews across manufacturers, distributors, and end-users
- Discussions with stakeholders to validate demand-supply gaps
- Group discussions on emerging technologies, regulatory shifts, and adoption barriers
- Cross-verification of market sizing and forecasts with industry insiders
- Capturing business perspectives on growth opportunities and restraints
Data Triangulation & Forecasting
The final step of our research involves data triangulation ensuring accuracy through cross-verification of:
- Demand-side analysis (consumption patterns, adoption trends, customer spending)
- Supply-side analysis (production, capacity, distribution, and market availability)
- Macroeconomic & microeconomic impact factors
- Time-series analysis
- Regression and correlation studies
- Baseline modeling
- Expert validation at each stage
Outcome
The outcome is a comprehensive and validated market model that captures:
- Market sizing (historical, current, forecast)
- Growth drivers and restraints
- Opportunity mapping and investment hotspots
- Competitive positioning and strategic insights
Available for purchase with detailed segment data, forecasts, and regional insights.
Get This ReportOur Clients:
